thetaOwl

PURR

Hyperliquid Strategies IncClose $11.89EOD only
Max Pain
$13.00
Next expiry Oct 9, 2026
Expected Move
±$1.27
10.7% from close
Price Gap
+1.11
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.38
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects PURR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Oct 2, 2026 close
Max Pain — PURR
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $13.00 (1.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$1.27
±10.7%
Days to Expiry
7
Calendar days
Total Call OI
7,560
Nearest expiry
Total Put OI
4,048
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$11.89
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$11.509/25/2026, 11:24:11 PM
2026-10-02Updated$12.0010/2/2026, 11:22:13 PM
2026-10-09Next$13.0010/2/2026, 11:22:13 PM
2026-10-16$13.0010/2/2026, 11:22:13 PM
2026-10-23$13.0010/2/2026, 11:22:13 PM
2026-10-30$12.0010/2/2026, 11:22:13 PM
2026-11-06$12.0010/2/2026, 11:22:13 PM
2026-11-20$10.0010/2/2026, 11:22:13 PM
2026-12-18$9.0010/2/2026, 11:22:13 PM
2027-01-15$13.0010/2/2026, 11:22:13 PM
2027-03-19$8.0010/2/2026, 11:22:13 PM
Selected expiration: 2026-10-09 at max pain $13.00.
PURR pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
4032780503278050
7.5175018612501863000
8200016589501660950
8.5245014587001461150
9290012586001261500
9.5950010587501068250
1016150861500877650
10.522950674750697700
1129850495800525650
11.537150329150366300
1266700196000262700
12.510630082650188950
1315870021900180600
13.522140011300232700
142989004000302900
14.54097001750411450
15527450300527750
15.5736000150736150
169451000945100
17137380001373800
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures

Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.

How traders use it

It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.

What can break it

Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.

The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.